Advisory – Restrictions on the use of the words “bank”, “banker” and “banking”

OSFI has posted the above-noted Advisory on its website, together with a related cover note. The Advisory sets out how OSFI interprets and administers (a) the Bank Act restrictions on the use of the words “bank”, “banker” and “banking”, and (b) the exception to these restrictions that applies where the use of these words is not in relation to a financial services business.